{"data":{"id":"us-ma/mass.-gen.-laws-ch.-106-4-504","jurisdiction":"us-ma","citation":"Mass. Gen. Laws ch. 106, § 4-504","heading":"Privilege of Presenting Bank to Deal with Goods; Security Interest for Expenses","body":"Section 4–504. (a) A presenting bank that, following the dishonor of a documentary draft, has seasonably requested instructions but does not receive them within a reasonable time may store, sell, or otherwise deal with the goods in any reasonable manner.\n(b) For its reasonable expenses incurred by action under subsection (a), the presenting bank has a lien upon the goods or their proceeds, which may be foreclosed in the same manner as an unpaid seller's lien.","path":["Part I","Title XV","Chapter 106","Article 4"],"source_url":"https://malegislature.gov/Laws/GeneralLaws/PartI/TitleXV/Chapter106/Section4-504","current_through":"amendments passed before May 31, 2026","vintage":"","retrieved_at":"2026-09-17T05:22:26Z","sha256":"6c6be3bfe8e86391e2962838ecedd39623cf8e9826bd2a846db88c5ae5719c93","source_id":"us-ma","stale":false,"prev":"us-ma/mass.-gen.-laws-ch.-106-4-503","next":"us-ma/mass.-gen.-laws-ch.-106-4a-101"},"notice":"GroundRules: Original legal text. Not legal advice."}